Personal Financial

Financial Class: On June 05 you attended a financial class to help you plan accordingly your

Based on your readings and discussions in class this week, answer the following multiple choice questions.

Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.

Financial Plans Personal Finance University of the People This essay will discuss some of the financial tools we learned from Chapter 5 and how they can help you make better financial decisions. This essay will also talk about the components of a comprehensive budget and how specialized budgets are prepared. Overview Chapter 5 Financial Plans: Budgets, starts off by saying how important it is to create a budget, set a goal and to reach it. This chapter talks about the importance of a budget, the budget process, creating a comprehensive budget, cash budgets, specialized budgets, budget variances, financial statements, and financial decisions. Financial Tools

Finish your discussion with your thoughts on how this information affects you personally including any insights you had about yourself and the stress that you experience. I believe that for everyone money is a big stressor, so I feel like it was a great chapter that I took a lot away from. I really enjoyed this lesson because of all the tips it gave me to start managing my money better. I think the great think about this chapter is that it is a good reminder for everyone, no matter if there young, old, rich, or poor; all the points made in this chapter are things we all need to keep in mind when thinking about money. My favorite thing is this whole chapter was David Ramsey’s comment about contentment. I think he was completely right when he said that the most important financial principle is contentment. While I think most people know more money and stuff will not make them happy, I know for me personally, contentment is one of the hardest things to master. So it was a good reminder for me and made me think a lot about the silly things I am spending money on that really are unneeded. This chapter gave lots of tips that I will be using throughout my life to help manage my money and reduce my

2. Gathering information in different types of planning in a comprehensive financial plan you will need the following:

This course has been an eye opening and empowering experience. It has encouraged me and reaffirmed my thoughts on debt, but it has also brought to my awareness that although saving money is great, not investing any of it is a great mistake.

Throughout the year we have learned about financial things we will need to know in the future. I have learned many things about taxes, budgeting, banks, checking accounts, and savings accounts. Each of these topics has their own importance to our future lives. Learning about this now was a good choice so in my future I may have an easier time with it than people who didn’t.

Since your goal, presumably, is to improve your financial situation, the book will not waste time with further motivation or pointed fingers, i.e. you choose which ideas to implement and how to use improvements.

In this retirement plan, you will see only the retirement related issues addressed as well as the others you asked me to consider. In this retirement plan, you will see your current situation stated or described followed by your desired situation and any issues which have presented themselves.

Using the same business you started in Assignment 1, you will continue to build a financial plan for the

Thesis: Today I will inform the audience of the power of saving small amounts of money for the future and how compound interest works in their favor when they start saving as soon as possible.

When trying to obtain a balanced lifestyle you have to follow the Personal financial planning process: figure out your current financial situation, develop realistic goals to be met, figure out other alternatives and evaluate them, and last but not least, you want to create a plan of action, review it and revise it (McGraw-Hill, 2010).

Financial planning has become much more important over the decade in Hong Kong and China. Many graduates and other people with professional financial planning knowledge

The management of individual finances indicates the beginning of financial planning. Financial planning refers to the process of developing a strategy that aids an individual to manage and control their spending and investments to suit their current, as well as future needs. Financial planning is an essential aspect of individuals’ as well as organizations’ continuity.